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Radio One, Radio Division President Steps Down

Working with the company since August 2007, Radio One’s (NASDAQ:ROIAK, ROIA) Radio Division president Barry Mayo announced that he would step down to pursue other opportunities. Mayo started with Silver Spring-based Radio One in July 2006 as a consultant.

General Dynamics Vice President Stock Transactions

Falls Church-based defense contractor General Dynamics (NYSE:GD) Vice President of GD Electric Boat, John Patrick Casey made the following stock transactions on March 15, 2012.

John Patrick Casey acquired 41,900 common stock shares at an average price of $40.09, totaling $1,679,771 under code M (Exercise or conversion of derivative security exempted pursuant to Rule 16b-3). 118,464beneficially owned shares remained March 15, 2012.

Northrop Grumman Awarded Large Contract for U.S. Laser Missile Defense Systems

Northrop Grumman Corporation (NYSE:NOC) announced today a firm-fixed-price contract from the U.S. Air Force.

The defense contractor will provide Large Aircraft Infrared Countermeasure (LAIRCM) systems and support.

Under the $334 million contract Fairfax county-based Northrop Grumman will have until April 2014 to provide the Air Force with LAIRCM technology that will automatically detect a missile launch. Once detected as a threat, the LAIRCM system will activate a high-intensity laser to track and destroy the missile.

SAIC Wins $46 Million Contract from Dept of Homeland Security Agency for Airport Security

A $46 million contract has been awarded to Science Applications International Corporation (SAIC) (NYSE: SAI) from the Transportation Security Administration (TSA).

TSA, an agency part of the U.S. Department of Homeland Security (DHS) has tasked SAIC with the responsibility of hazardous materials management and disposal services. The services provided will include training programs, treatment storage, and disposal of hazardous waste that will total more than $1.5 million pounds per year.

Classic American Diner Takes On the Next Generation

Sara Moline

 

Maryland Securities Division Responds to Questioning, Part 3

After publishing our previous article on the preparedness of Maryland's Securities Division last week, we were finally contacted by the department and was able to get some answers about how the State was handling the upcoming rules change. We spoke with Melanie Senter Lubin, Securities Commissioner in the Securities Division at Maryland's Office of the Attorney General for our Q&A session.

Maryland Securities Division Preparedness in Question

Approximately five weeks before March 30thdeadline for mid-size Investment Advisory firms to deregister with the SEC and register with their principal states.  Both DC and VA encouraged their Investment adviser registrants to begin their process early; in order to avoid the rush, and address any issues that may arise.  Our initial plan was to bring you news from all three areas; DC, VA and MD.  However, several attempts to contact Maryland Securities Division were unsuccessful in landing an interview with either Deputy Commissioner, Dale Cantone or Melanie Sente

Winter Wonderland Takes on New Meaning with Debut of Baltimore Festival

Sara Moline

Winter tends to drive us indoors in fear of freezing temperatures. Although, halfway through the season we become antsy, yearning for more than a movie night in. This past weekend, over 700 metro-area residents and Baltimore locals confronted the cold in search of some adventure.

First Potomac Realty Trust FFO Matches Estimates

First Potomac Realty Trust (NYSE: FPO),the Bethesda-based real estate investment trust (REIT) which recently acquired a 51% interest in two northern Virginia office buildings said Core Funds From Operations (FFO) totaled $14.9 million for the fourth quarter 2011, or $0.28 per diluted share compared to $12.95 million in the fourth quarter 2010. Analyst, using that measure had predicted an average of $0.27 cents per share.

Host Hotels & Resorts in Line with Analyst Estimates, Full Year Profit in View for 2012

Bethesda-based Host Hotels & Resorts, Inc. (NYSE: HST) announced fourth quarter and 2011 full year financial results today that met expectations of financial analysts.

The lodging real estate investment trust (REIT) increased total revenues and reversed to a net income in the fourth quarter 2011 from a net loss on a diluted earnings per share basis in the fourth quarter 2010. The jump in revenues was the result of 14 hotel property acquisitions since July 2010.